Form 10-K · Annual report
Tapestry, Inc. 10-K, filed Aug 13, 2026
- Filed
- CIK
- 0001116132
- Accession no.
- 0001116132-26-000018
Summary
Tapestry, Inc. introduced a 2028 "Amplify" growth strategy, completed the $109.1 million sale of Stuart Weitzman to Caleres, and terminated its proposed Capri Holdings merger after the FTC obtained a preliminary injunction. Tapestry also said U.S. tariffs, including IEEPA duties later ruled invalid by the Supreme Court, reduced fiscal 2026 gross margin by about 130 basis points on an adjusted basis and that it expected $114.7 million in remaining IEEPA tariff refunds.
Key points
- Tapestry agreed in February 2025 to sell Stuart Weitzman to Caleres and completed the sale on August 4, 2025 for a final aggregate purchase price of $109.1 million.
- After the FTC sued and a court granted a preliminary injunction, Tapestry and Capri Holdings terminated their merger agreement on November 13, 2024; Tapestry reimbursed Capri $45.1 million.
- Tapestry's 2028 Amplify strategy focuses on Gen Z customer acquisition, handbags and leathergoods leadership, growth in North America and international markets including Greater China and Europe, and developing its workforce.
- Tapestry paid about $117 million in IEEPA tariffs; after the Supreme Court ruled those tariffs invalid, it received $2.1 million in refunds in the fourth quarter of fiscal 2026 and estimated $114.7 million in probable remaining refunds.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 7. MANAGEMENT’S DISCUSSION OVERVIEW Fiscal 2026, fiscal 2025 and fiscal 2024 were 52-week periods. Tapestry, Inc. is a global house of iconic accessories and lifestyle brands uniting the magic of Coach and kate spade new york. Together, we stretch what’s possible – advancing brands further than they could go alone, expanding their reach to new geographies and generations. Inspired by our consumers, we create experiences and products that build lasting brand love and elevate everyday life. The Company has two reportable segments: •Coach - Includes global sales of primarily Coach brand products to customers through our DTC, wholesale and licensing businesses. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.